Loans

If you are interested in a loan, please contact Wendy at (570) 825-8150.

Loans are processed by pre-scheduled appointment in our Wilkes-Barre office, and in many cases you can leave with the check! Hazleton appointments are also sometimes available with prior notice.

Rates are subject to change without notice. Last updated: 10/1/22.

Skip-A-Pay Form (send to: P.O. Box 1234, Wilkes-Barre, PA 18703)
Home Equity Loan Application: Cover Sheet, Application (legal-size)
All Other Loans: Application (return with proof of income)

REGULAR LOAN RATES

SIGNATURE LOANS:

12 months	6.9%
24 months	7.9%
36 months	8.9%
48 months	9.9%
60 months	10.5%

SHARE SECURED LOANS:

100% Share Secured:

24 Months & Under	2.25%
25-36 Months	2.75%
37-48 Months	3.25%
49-60 Months	3.5%
61-72 Months	3.75%
73-78 Months	3.99%
79-84 Months (loans $35,000 and up)	4.25%

50% Share Secured:

24 Months & Under	4.99%
25-36 Months	5.75%
37-48 Months	6.9%
49-60 Months	7.9%

VEHICLE LOANS:

2023, 2022 (with mileage under 20,000)

Maximum loan of 95% of NADA retail value for used cars.
Maximum loan of 95% of selling price before manufacturer rebates for new cars.

24 Months and Under	2.5%
25-36 Months	2.75%
37-48 Months	3.25%
49-60 Months	3.5%
61-72 Months	3.9%
73-78 Months	4.25%
79-84 Months (loans $35,000+)	4.5%

2022 (mileage above 20,000), 2021, 2020

Maximum loan of 95% NADA retail value.

24 Months & Under	2.99%
25-36 Months	3.25%
37-48 Months	3.5%
49-60 Months	3.75%
61-72 Months	3.99%

2019, 2018, 2017

Maximum loan of 90% NADA retail value.

24 Months & Under	3.75%
25-36 Months	4.25%
37-48 Months	4.5%
49-60 Months (2019 only)	4.75%

2016, 2015, 2014

Vehicle must have book value of at least $7,000 to qualify.
Maximum loan of 85% NADA retail value.

24 Months & Under	4.99%
25-36 Months	5.5%
37-48 Months  (2016 only)	5.99%

2013, 2012

Vehicle must have book value of at least $6,000 and 30 day warranty or guarantee to qualify.
Mileage must not exceed average listed in NADA guide.
Maximum loan of 85% NADA retail value.

24 Months & Under	5.99%
25-36 Months	6.5%

HOME EQUITY LOANS:

Minimum loan: $15,000

3 Years & Under Fixed	2.99%
4 Years Fixed	3.25%
5 or 6 Years Fixed	3.5%
7 or 8 Years Fixed	3.75%
9 Years with 3 Year Balloon	3.75%
9 Years or 10 Years Fixed	3.9%
12 Years with 3 Year Balloon	3.99%
12 Years Fixed	4.25%
15 Years with 5 Year Balloon	4.25%
15 Years Fixed	4.5%

Home Equity Loan Application Fees:

 $15,000-24,999:          $250 with appraisal / $75 without appraisal

$25,000-39,999:          $200 with appraisal / $75 without appraisal

$40,000-59,999:          $150 with appraisal / $50 without appraisal

$60,000 and up:          Free for terms of 6 years or more / Free without appraisal
$100 with appraisal for terms of 5 years or less

 No fees will apply for balloon rewrites where no new money is being loaned.
If new money is taken at the time of balloon refinance, an application fee will be charged if a new appraisal is required.  A new appraisal is required if the one on file is over 5 years old.

There are no closing costs.

All loan rates listed are APRs (Annual Percentage Rates).

Existing Balloon Loans:  

For our members with existing balloon loans currently in process, lower rates will apply if you are refinancing without taking additional funds.

Loan Policies:

• Applicants must have regular shares on deposit equal to 10% of the loan or $200.00, whichever is less, before the loan may be disbursed.
• Share secured, vehicle, and home equity loans are available to a member immediately upon joining. Signature loans require a waiting period of 60 days of membership if the member’s credit score is below 700.
• SIGNATURE LOANS:  Loan limits are set based upon income.  A co-maker may be required.
• VEHICLE LOANS:  All individuals on the vehicle title must sign the loan agreement.  We can finance…
  • 95% of the selling price excluding fees & taxes for new cars.  (Manufacturer rebates count toward the 5%.  Dealer discounts do not.)
  • 95% of the N.A.D.A. retail value for 2022, 2021, or 2020 model years.
  • 90% of the N.A.D.A. retail value for 2019, 2018, or 2017 model years.
  • 85% of the N.A.D.A. retail value for 2016 and older model years.
  • We do not add on to value based on low mileage, but a value deduction for high mileage may apply.
  • Gap insurance is required when borrowing more than 70% of the value of the car. This is a one-time charge of $275 which may be added into the loan amount.
• Boats, mobile homes, or motorcycles are not acceptable as vehicle loans.
• HOME EQUITY LOANS:  All individuals on the deed must sign loan documents. Application fees may apply based on the amount of funds requested (see Rates page).  The Credit Union must be the first OR second mortgagee for all home equity loans, so you may wish to pay off an existing mortgage or mortgages.